European Stars And Stripes (Newspaper) - April 26, 1985, Darmstadt, Hesse                                Pago 16 the stars and stripes april Blank endorsement to Joe Bink then transferred it with special endorsement to Stella miss Golden transferred it with a qualified endorsement to Jonathan Bing signed a restrictive endorsement when depositing it to his i by Mary Neth consumer editor with National Consumers week events april 22 through 28 now a consumer affairs official for the army Community services asked that the following information on keeping a Check Book be rerun in stars and despite the fact that military head Start classes give such the official finds there still is a lot of confusion about Check books among her the re sult there Are a lot of people on bad Check she and other financial Counselor in the military Community believe that bounced checks Are not caused by attempts to defraud As much As by Many military people apparently Are making their own financial arrangements for the first time and dont know How to write checks properly or balance a so heres the asked for rundown on handling a checking it could keep you from being what once was called a person who passes bad a properly written one backed by Money in the is a written order directing a Bank to pay the sum shown on the face of the Check to a person or Organiza use of a checking account has several advantages Over you can avoid carrying Large sums of Money or hiding it in your checks provide an automatic receipt useful As a Legal the account provides a re Cord of and checks can be sent safely through the trouble can come when you dont have enough Money in your checking account to cover your that can Lead to loss of Check cashing administrative a court martial and even separation from the to avoid having that Hap Here Are some Basic things you need to there Are three parties to a Check the drawer the person who writes a Check and signs it the Drawee the Bank on which the Check is and the Payee the person to whom the Check is made when writing a be sure to number the checks if they Are not already without numbers it is difficult to keep records and to balance your to keep track of your of you need to have a record Page where you write Down the number and amount of each Check you keep this record with your checks and write Down the information each time you write a in addition to the sever Al other things must go on the the Date a Check May be dated on a sunday or but do not write a future Date on a Banks Are not allowed to pay such the Payee always make out a Check to a specific person or company the dont make out a Check just to except at a such a Check can be cashed by the amount if the amount of the Check As shown in figures differs from the amount spelled the spelled out amount is considered the Bank will choose not to accept the to guard against put the figure right next to the Dollar sign and Start the written amount As close As possible to the left fill out the unused space with a the signature you should write it exactly As you have at the Bank when you opened the by the sign a Blank someone could write in any figure and you would have to the Micro symbols these Are reprinted magnetic Ink symbols appearing on the Bottom of the Check that can be read by automatic the lefthand series is the american Bankers association transit routing the second group is your account the endorsement before depositing a Check which is made out to or before transferring it to another you must sign it on the this is called an an endorsement is the Handwritten Signa Ture of the person receiving the there Are several kinds of a Blank endorsement requiring merely your signature allows you to Cash or Deposit the Check to your if the Check is anyone who finds it can Cash if your name is mis spelled or incomplete on the face of the write your first endorsement in the same incorrect in sign your name As it should be the Signa Ture you normally use on Bank a special endorsement you endorse the Check to another which permits this after also to Cash or Deposit the a qualified endorsement a qualified endorsement without recourse transfers title to a Check without making the endorser responsible for payment of the a restrictive endorsement specifies what is to be done with the Check limits further endorse ment and controls final keep in mind that when you endorse a Check and Deposit it to your account the Money wont be available the Check must be sent to the Bank which has the account against which the Check was originally if that Bank is in another it May take a few Days for the Money to be placed in your own a ask at your Bank How Long it will so you will know exactly when you can write checks against the never borrow or lend a personal no matter How carefully you Cross out the original titles and num the machine that processes the account will still read the original this Means that if you let someone else use your the Money May be drawn out of your no matter what your always use your own or a Blank Check if Nec How to balance your Check Book against your monthly Bank statement is also different Banks have different systems to help you keep such but All Check books have some kind of stub or Ledger for recording each fill out the information immediately when you write the dont let it go until later in the Day or dont scribble the amount on a slip of paper with the idea of noting it you will find the habit of recording your Check when it is written of prime importance in keeping sound financial keep your Check books in balance As you go that Way you will never write checks for Money you dont simply deduct the amount of Money on the Check you have written from the remaining to reconcile your Check Book balance with the statement from the Bank when you get the Bank take out the cancelled checks if they Are provided and put them in order by number or go through your Check Book stubs and put a Mark on each stub for which you now have a cancelled if checks Are not Mark off Check stubs for the checks that have been posted on the go Back through your Check Book and write Down amounts of All outstanding checks those not yet paid by the put Down the amounts deposited which have not been recorded on the write Down the service charges made against your you Are ready to reconcile the Check Book with the Bank statement As done in the following example Check Book balance minus service charges on Bank statement your new Check Book balance ban statement balance subtract amount of checks written but As yet not paid by Bank new Bank statement balance add deposits not recorded on Bank statement revised Bank statement the answer appearing at item 8 your revised Bank statement balance should agree to the Penny with item what do you do if your balances dont match have you double checked All addition and subtraction in your Check Book have you carried Forward any outstanding checks from your previous statement that Are still outstanding if you have they must be added to your outstand in checks have you compared the amounts on your checks with the amounts listed on the stubs in your Check Book you May have transposed totals in your have you carried Forward the Correct balance from Page to Page in your Check Book did you write a Check and forget to enter it in your Check Book if you still cannot find the take your Check together with your statement and cancelled to your Bank and ask one of the Bank officers to help unless there is something unusually wrong with your there is no charge for this go As soon As possible after you have received your